EC World REIT Posts 5.5% DPU Decline in Q4 2020
February 24, 2021 – EC World Real Estate Investment Trust announced that its distribution per unit (DPU) hit 1.427 Singapore cents in the fourth quarter of 2020, down 5.5% from the 1.51 Singapore cents in the same fourth quarter in 2019.
Mr. Goh Toh Sim, Executive Director and CEO of the Manager, said, “We are heartened that our disciplined investment and proactive portfolio management strategies continue to contribute positively to ECW amidst uncertainties globally. As at 31 December 2020, ECW’s portfolio occupancy was 99.3% with a healthy weighted average lease to expiry (by gross rental income) of 3.4 years.”
“This is a testimonial to our commitment to provide a sustainable and predictable stream of returns to unitholders. We will continue to work closely with our team in China to achieve predictable returns to our Unitholders.”
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